Amazon Fund to Prevent Deforestation

The National Bank for Economic and Social Development (BNDES, in the Portuguese acronym) and the Brazilian Institute of Environment and Renewable Natural Resources (Ibama, in the Portuguese acronym) signed a contract to finance the Amazon Fund. The resources will be used to provide logistical support to environmental surveillance and deforestation control activities in the Legal Amazon.

The project will ensure the maintenance of Ibama’s surveillance actions for 15 months, with a total estimated budget of R$ 56.3 million. These funds will be used to pay for air and land transport rental services used in field surveillance actions in those areas suffering the strongest deforestation pressure.

Ibama’s monitoring, control and surveillance actions in the Legal Amazon were crucial for the reduction in deforestation rates from 27,700 km² in 2004 to 6,200 km² in 2015.